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so is washington the biggest problem for the economy? >> i think certainly a major risk that we face is that washington can make mistakes. xwr gridlock in congress. failing to take the steps to put us on a sustained budget. bring down the deficits in a balanced, responsible way. >> is washington the biggest problem for the economy? >> i think clearly it is a major headwind. it spends a lot of money ineffectively. you can say that whether you're a conservative or a liberal. a source of job loss. in spite of conservative harping of government occupying too much, there's 1.5 million job shed from state and local government. a lot of those are teachers, first responders. and the inability of the government to put capital in motion and $3 trillion plus in spending in any way effectively is not doing any of us any particular good. the only happening decent right now in terms of growth tends to be what's going on ex-government and that doesn't mean that government couldn't do a lot better but washington isn't. >> let's talk about what's happeni
so is washington the biggest problem for the economy? >> i think certainly a major risk that we face is that washington can make mistakes. xwr gridlock in congress. failing to take the steps to put us on a sustained budget. bring down the deficits in a balanced, responsible way. >> is washington the biggest problem for the economy? >> i think clearly it is a major headwind. it spends a lot of money ineffectively. you can say that whether you're a conservative or a liberal. a...
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. , the economy is improving under this president. we now have 35 straight months of private sector job growth. we've also learned today the economy added over 2 million jobs last year. the best year for the jobs since 2005. republicans are playing politics with people's lives. they're obsessed with cuts instead of jobs. they're focused on spending instead of hiring. the president kept his job because the american people trust him to create jobs for them. republicans just don't get it. joining me now is melissa harris perry and dana millbank. republicans say this consumer bureau could hurt wall street. but, today, the dow closed over 14,000 for the first time in six years. so what's this really all about? >> well, look, this is the mind trick. this is the game of redirection that the republicans have been playing really for the first four years of president obama's first term and they're continuing to play it. and it is this. the thing that caused the economic crash in 2008, the home values, the evaporation of wealth, the loss of jobs
. , the economy is improving under this president. we now have 35 straight months of private sector job growth. we've also learned today the economy added over 2 million jobs last year. the best year for the jobs since 2005. republicans are playing politics with people's lives. they're obsessed with cuts instead of jobs. they're focused on spending instead of hiring. the president kept his job because the american people trust him to create jobs for them. republicans just don't get it. joining...
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how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn that frown upside down. >> two numbers jumped out at me. health care jobs up 23,000. retail jobs up 33,000. are we hiring more people in the retail sector because people are starting to send money and need more people to help them spend that money? we starting to see more people in the health care sector? people aren't afraid of obama care or numbers low or what do you think? >> well, health care is kind of -- it did well -- i don't believe there was a month even in the great recession when we were losing 700,000 jobs a month and health care did not add jobs. the jo
how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn...
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Feb 1, 2013
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topping our agenda today, the american economy. our first big indicator of how it's faring at the start of the new year. today's january jobs report showing unemployment ticking up, but barely, to 7.9%, with 157,000 jobs added. and well-received news on wall street where the dow traded above 14,000 this morning for the first time since october of '07 before pulling back. but still flirting with history today. and this report comes one day after the white house let the president's job council disband. >> do we understand why people look at it and the shutdown of the jobs council after the re-election into the second term that was the jobs council just sort of a political billboard? for the campaign? >> no, i don't -- i don't think that's right. the jobs council was very helpful in making recommendations. the president is going to continue to reach out, engage. >> also today, the white house expressing surprise, but not sounding the alarm after secretary of defense nominee chuck hagel's rocky ride before the senate armed services com
topping our agenda today, the american economy. our first big indicator of how it's faring at the start of the new year. today's january jobs report showing unemployment ticking up, but barely, to 7.9%, with 157,000 jobs added. and well-received news on wall street where the dow traded above 14,000 this morning for the first time since october of '07 before pulling back. but still flirting with history today. and this report comes one day after the white house let the president's job council...
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one thing that wasn't really in there in any specificity was the economy. it's a way forward on how she thinks the next right steps or what he thinks the next right steps are on the economy. there's some sort of gray area here in where he wants to head. >> now, before we get to chuck hagel, the sort of train wreck that happened yesterday, ruth marcus, the white house is coming out or hhs is coming out with new rules to liberalize the guidelines so that religious institutions are somewhat insulated, somewhat more insulateded. first of all, they're going to more broadly define religious institutions. also, give a separate provider so that the religious institutions themselves don't have to provide birth control to their employees. >> well, first of all, you said white house, and even though hhs issues these guidelines, one can be fairly sure that the white house was closely following this because this has been a difficult issue for them. what they did today was really an elaboration of a plan that they had proposed earlier. the theory, as i understand it, is
one thing that wasn't really in there in any specificity was the economy. it's a way forward on how she thinks the next right steps or what he thinks the next right steps are on the economy. there's some sort of gray area here in where he wants to head. >> now, before we get to chuck hagel, the sort of train wreck that happened yesterday, ruth marcus, the white house is coming out or hhs is coming out with new rules to liberalize the guidelines so that religious institutions are somewhat...
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in fact, my view on the economy is a little bit less sunny than ron's. the unemployment rate has been stuck in a range between 7 and 8.2% now for almost a year. so we're kind of slogging along. growth is definitely better than that negative gdp report from the last quarter. that was anomalous. but it's not gang busters by a long shot. >> okay. so that's the big story we've got this morning. perry, i want to talk to you about the big story that's been unfolding since yesterday and the headlines in the papers today, the reviews being in on chuck hagel's performance on the hill. skprael taking it on the nose from his former colleagues. want to remind everybody how that hearing went. take a look. >> the surge would be the most dangerous foreign policy blunter in this country since vietnam. were you correct or incorrect? yes or no? >> my reference to the -- >> senator hagel -- >> well, if you would like me to explain, why -- >> well, i actually would like an answer. yes or no. >> well, i'm not going to give you a yes or no. i think it's far more complicated t
in fact, my view on the economy is a little bit less sunny than ron's. the unemployment rate has been stuck in a range between 7 and 8.2% now for almost a year. so we're kind of slogging along. growth is definitely better than that negative gdp report from the last quarter. that was anomalous. but it's not gang busters by a long shot. >> okay. so that's the big story we've got this morning. perry, i want to talk to you about the big story that's been unfolding since yesterday and the...
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Feb 2, 2013
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the economy actually shrank by a tenth of a point last quarter because of what? government cutbacks. 2/3 of americans are planning to delay their retirement according to "the wall street journal" because of the financial losses, income stagnation, and layoffs over the past several years. income inequality in the united states actually, folks, has gotten worse. and we now rank in the middle of latin american countries, which have historically had poor economies and high levels of income inequality. we got a lot of work to do. let's turn to senator bernie sander of vermont. senator, great to have you with us tonight. thanks for joining us. >> good. my pleasure. >> there is still an ugly underbelly to this economy as it stands right now. this past election was themed about and focused on the middle class. what can we do, senator, moving forward here in the short-term? your thoughts. >> well, first of all, ed, we have to do exactly what you were doing now and focus on an issue that gets very, very little attention. that is the fact that we have the most unequal distr
the economy actually shrank by a tenth of a point last quarter because of what? government cutbacks. 2/3 of americans are planning to delay their retirement according to "the wall street journal" because of the financial losses, income stagnation, and layoffs over the past several years. income inequality in the united states actually, folks, has gotten worse. and we now rank in the middle of latin american countries, which have historically had poor economies and high levels of...
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yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer confidence. and we're finding in our own polling that there may be a tie to washington gridlock in consumer confidence. because if you look at all of the other private data, housing starts are up, everything looks like it should be in better shape, but consumer confidence from december to january went down. and the intervening event was what? the fiscal cliff. we found in our own polling people feel less confident about the economy when there's no deal in washington. is that what you guys see? >> yeah. i would say it's more dollars and cents than that, though. chuck, you know, the payroll tax holiday went away in january. everyone got their first paycheck in 2013 and said, it's a lot smaller, what's the heck's going on. and that's reflected in the confidence numbe
yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer confidence. and we're finding in our own polling that there may be a tie to washington gridlock in consumer confidence. because if you look at all of the other private data, housing starts are up, everything looks like it should be in...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ he can talk to china, mongolia and all the koreas and he eats velveeta shells and cheese. so who are you calling amateur? liquid gold. eat like that guy you know. >>> whenever i would fly home, especially if it was at night, there was the city of new york laid out before me, and i thought to myself, this belongs to me. >> former new york mayor ed koch was laid to rest at a grave site he spent a lot of time sculpting. he took the crew that was shooting a documentary about him to see it. >> my epitaph -- >> written by you. >> was written by me. he fiercely defended the city of new york, and he fiercely loved its people. >> the doc is called koch and it's
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ he can talk to china, mongolia and all the koreas and he eats velveeta shells and cheese. so...
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Feb 4, 2013
02/13
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one thing that should be said about sequester is it's very tough on the economy. i was talking to mark zandi the other day of moody's. he's looking at about a half percentage point hit to gdp growth due to sequester. that's pretty large. >> so a number of politicians including the house budget committee chair, paul ryan, they think the sequester is going to happen. do republicans believe that anything can be gained politically if it happens? what are the partisan motives behind this? >> i think there is a lot of bluffing happening around the sequester. you will remember during the campaign mitt romney and paul ryan crisscrossed the country saying these cuts would be devastating for the country and they would hollow out defense. important to know the pentagon gets treated incredibly roughly under the sequester. just a couple months ago, republicans could see no way forward with this sequester, it was a total disaster for them. then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewh
one thing that should be said about sequester is it's very tough on the economy. i was talking to mark zandi the other day of moody's. he's looking at about a half percentage point hit to gdp growth due to sequester. that's pretty large. >> so a number of politicians including the house budget committee chair, paul ryan, they think the sequester is going to happen. do republicans believe that anything can be gained politically if it happens? what are the partisan motives behind this?...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i knew there was something really special about this place and that having the honor to lead the state department and usaid would be unique and singular, exciting, and challenging. it has been all of those things and so much more. >> welcome back to "hardball." that was, of course, secretary of state hillary clinton saying good-bye today to the men and women of the state department. now, let the campaign begin. she may not want -- may want some r and r for the short run but already the world of democratic operatives and donors is itching for the big drive in 2016. take a look at the tablet version of "newsweek" this week. there it is, it's most powerful women in history. i think there's an overstatement. nobody want
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i knew there was something really special about this place and that having the honor to lead the state department and usaid would be unique and...
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economy is perhaps one bill too far. glen, we talk a lot about the tunnel that ends in heart break that the gop may or may not be hurdling down, but these votes lately on the hill seem to be representative of the -- of really the skism within the party. mitch mcconnell is perhaps in the most interesting i think straddle position, if you can call it that, as the two pieces of earth separate and he, in fact, may at some point be split in two because he is up for re-election in 2014, and, yet, he has been tasked with being the guy to get things through and prevent sort of catastrophe from befalling the country. >> well, what you are going to see, increasingly, and you'll see this in the house side too are leaders doing these really tactical little maneuvers that they love to do. i was in the claim br when hillary clinton and barack obama -- there was some -- remember that iraq war resolution vote where each waited for the other to vote before -- they were the last two lingering in the chamber and deciding to vote. you see t
economy is perhaps one bill too far. glen, we talk a lot about the tunnel that ends in heart break that the gop may or may not be hurdling down, but these votes lately on the hill seem to be representative of the -- of really the skism within the party. mitch mcconnell is perhaps in the most interesting i think straddle position, if you can call it that, as the two pieces of earth separate and he, in fact, may at some point be split in two because he is up for re-election in 2014, and, yet, he...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ i haven't thought about aspirin for years. aspirin wouldn't really help my headache, i don't think. aspirin is just old school. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. what's different? it has micro-particles. enters the bloodstream fast and rushes relief to the site of pain. visit fastreliefchallenge.com today for a special trial offer. >> president obama and senators laid out immigration reform. it could lay the ground for the path of citizenship for people living and working
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ i haven't thought about aspirin for years. aspirin wouldn't really help my headache, i don't...
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Feb 2, 2013
02/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> her's what's happening. the white house is calling today's attack on the u.s. embassy an act of terror. no one has claimed sponszblety for the bombing. john kerry was sworn in as secretary of state earlier by supreme court justice elen elena kagan. >> former first dog barney bush has died. the scottish terrier called the white house home for eight years. back to "hardball." >>> welcome back to "hardball." we're seeing a trend i'd say. republican men behaving badly. in fact, they're talking exactly the way they did in the four years leading up to their 2012 election disaster. apparently losing a presidential election, senate house seats hasn't dissuaded some republicans from putting their worst feet forward. take chu
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> her's what's happening. the white house is calling today's attack on the u.s. embassy an act of terror. no one has claimed sponszblety for the...
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Feb 1, 2013
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consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate. and the december revision is up 40,000. the november revision, i want to get the numbers right, because they're kind of shocking. the november revision is up from 161,000 to 247,000. >> wow. >> it's gone up almost 100,000. now, one thing to be said about this jobs report, this is an annual rebenchmarking, they are looking back at the jobs report and getting their models to fit the way the actual economy, the way the actual labor market looks and they should be significantly more accurate. that's a huge revision. the jobs report, the headline isn't the 157,000 jobs fo
consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate....
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Feb 4, 2013
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the economy's a bit stronger than we thought. now, inside of that there's some interesting things happening. the most interesting thing happening is that for the first time, you're starting to see a significant drop in the longer-term unemployed. people who have been out of work between six months and three years. their numbers dropped by 16% even though total unemployed on dropped by 6%. now, in the six-month -- >> these are people that we hear are discouraged that don't even look for jobs so they're not counted in these calculations. >> well, the ones who are still looking are and they're getting more jobs. the people who are unemployed six months, they get jobs quickly. they turn over. and the really discouraged category, the three years or more, and this gets to that baby boomer story if you saw it in "the new york times" over the weekend, they're still in a pretty tough spot. but there is good news on some of the long-term unemployed. and the other piece of good news is in the so-called new claims for unemployment insurance,
the economy's a bit stronger than we thought. now, inside of that there's some interesting things happening. the most interesting thing happening is that for the first time, you're starting to see a significant drop in the longer-term unemployed. people who have been out of work between six months and three years. their numbers dropped by 16% even though total unemployed on dropped by 6%. now, in the six-month -- >> these are people that we hear are discouraged that don't even look for...
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not lead to more illegal drug use, mcconnell says he sees hemp production as positive for kentucky's economy. to the political playground we go for more. by now we're all used to hearing vice president joe biden say some pretty interesting things. his latest may have the president shaking his head, but will make germans quite happy. he said, "i have traveled over 640,000 miles since i've been vice president and most of the time the president sends me to places he doesn't want to go, so i've spent an awful lot of time with mccain and others in afghanistan, so it's good to be here in germany. >>> it may be the snavenators w have the most to lose. they may have to cough up the crabca crabcakes, burnt cookies, odds makers are favoring the 49ers. if the super bowl is not your thing, well, there's that other big bowl today. there it is. it's the puppy bowl. oodles of cuteness today. no need to change the channel just yet. chances are you'll be able to see this a lot. the puppy bowl is going to be on repeat on the animal planet for the rest of the day. you can set your dvrs. look at that, look at t
not lead to more illegal drug use, mcconnell says he sees hemp production as positive for kentucky's economy. to the political playground we go for more. by now we're all used to hearing vice president joe biden say some pretty interesting things. his latest may have the president shaking his head, but will make germans quite happy. he said, "i have traveled over 640,000 miles since i've been vice president and most of the time the president sends me to places he doesn't want to go, so...